Complete list of Terms and Definitions for or Credit
| Terms | Definitions |
|---|---|
| REVENUE | CREDIT |
| ASSETS | DEBIT |
| Expenses | Debit |
| Asset | Debit |
| ACCOUNTS RECEIVABLE | DEBIT |
| PREPAID ACCOUNTS | DEBIT |
| Decrease in Expenses | Credit |
| Increase in Assets | Debit |
| Increase in Expenses | Debit |
| Decrease in Assets | Credit |
| Decrease in Retained Earnings | Debit |
| Increase Building | Asset - Debit |
| Increase Equipment | Asset - Debit |
| Decrease Equipment | Asset - Credit |
| Increase Dividend Income | Revenue - Credit |
| Increase Fees Earned | Revenue - Credit |
| Increase Salaries Expense | Expense - Debit |
| Increase Salaries Payable | Liability - Credit |
| Increase Sales Revenue | Revenue - Credit |
| Increase Utilities Expense | Expense - Debit |
| Increase Prepaid Insurance | Asset - Debit |
| Increase Loan Receivable | Asset - Debit |
| Increase Mortgage Payable | Liability - Credit |
| Increase Interest Revenue | Revenue - Credit |
| Decrease Mortgage Payable | Liability - Debit |
| Decrease Note Payable | Liability - Debit |
| Decrease Fees Earned | Revenue - Debit |
| Decrease Commissions Expense | Expense - Credit |
| Decrease Prepaid Insurance | Asset - Credit |
| Decrease Accounts Receivable | Asset - Credit |
| Decrease Utilities Expense | Expense - Credit |
| Decrease Supplies on Hand | Asset - Credit |
| Increase Audit Fees Incurred | Expense - Debit |
| Decrease Bank Loan Payable | Liability - Debit |
| Decrease Property Taxes Payable | Liability - Debit |
| Increase Property Taxes Payable | Liability - Credit |
| Decrease Property Tax Expense | Expense - Credit |
| Increase Common Stock | Owners' Equity (Owners' Investments) - Credit |
| Increase Retained Earnings | Owners' Equity (Earned Capital) - Credit |
| Decrease Common Stock | Owners' Equity (Owners' Investments) - Debit |